Surrey Fasteners Limited (01143425): administration
- Status
- Administration ended
- Administration began
- 2018-10-12
- Incorporated
- 1973-11-05
- Location
- Fareham
- Industry
- 46900 Non-specialised wholesale trade
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Loss-making contracts / project overruns
- Sustained trading losses
From the administrators' statement
We were contacted by the solicitor representing two creditors of the company, Miranda Gleadow and
Johanna Oviedo, who believed that they were also shareholders . They were concerned with regard to the financial position of the company and wished to ensure that appropriate steps were taken in that regard, particularly as the company was unable to pay its debts as they fell due. The director, their father, was unwell and no longer able to act in his capacity as a director.
1.2
Administrators' statement of proposals (2018-12-12) · Companies House register